Amazon Earnings – Miss on Revenue but Profits Double Expectations
https://wccftech.com/amazon-earnings-miss-on-revenue-but-profits-double-expectations/
Amazon (NASDAQ:AMZN) just posted its most profitable quarter ever thanks in large part to North American operating income and staggering growth for its cloud and ad businesses. The e-commerce giant posted profits that exceeded $12.5 billion for the quarter. Compare that to a year ago when the company made a profit of…. $197 million dollars. A modest 1,200% increase. Amazon was pleased to report earnings per share of $5.07, easily doubling analysts’ prediction of $2.50 EPS.
Related Amazon Prime Day 2018 Early Access Deals: Echo Dot Just $29.99, Echo Show $100 Off & More!